Feb 5 (Reuters) - Mid-America Apartment Communities ( MAA )

forecast its annual funds from operations below

analysts' expectations on Wednesday, indicating that high supply

pressure in its key markets continues to push down asking rents.

The real estate investment trust, which counts cities such

as Austin, Memphis and Phoenix as its key markets, has had

ownership interest in 104,469 apartment units, including

communities currently in development, across 16 states and the

District of Columbia, according to its website.

It also manages more than 250 apartment buildings in the

Southeast, Southwest and Mid-Atlantic regions.

The Memphis, Tennessee-based company expects its core FFO, a

key performance metric, to be between $8.61 and $8.93 per share

for 2025. The midpoint is below analysts' average estimate of

$8.87 per share, according to data compiled by LSEG.

The REIT's rental and other property revenue was at $549.8

million for the fourth quarter, missing the estimates of $551.8

million.

It posted core FFO of $2.23 per share for the quarter ended

December 31, compared with analysts' expectations of $2.24 per

share.